Do you approach tax time dreading being in the dark about how much tax you might have to pay? Fear not, today’s short and sharp episode will help you estimate your own tax payable come tax time without having to rely on your bookkeeper or tax accountant to help you do that.

Instagram Reels have become such a powerful business tool when it comes to sharing what we do and attracting our ideal clients. But the trends seem to change so quickly, it can be hard to keep up or feel like we’re nailing any of it.

We hear the term “write it off” thrown around a lot but I think many business owners don’t really understand what legitimate tax write-offs are. There is a lot of confusion around the scope of what you can write off in your business so in this episode, I want to share some clarity on the subject.

If you’re a business owner, it’s really important to know what your responsibilities are when it comes to tax or GST debts. In today’s episode, I discuss the importance of lodging your activity statements on time and run through what you need to know about ATO debt.

I often come into touch with entrepreneurs who aren’t 100% clear on the best way to take money out of their businesses. Whether it’s for weekly pay, bonuses or receiving a loan from your company, there are a few ways to pay yourself for showing up every day.

If you're running a business, you may be wondering about the bookkeeping implications of Christmas parties and gift-giving. This episode is what you need to know to stay on the right side of the law.

Having a basic knowledge of entertainment expenses and fringe benefits tax will help you to make more informed business decisions that apply not just to Christmas parties and gifts but also work lunches and gatherings.

This is Part Two of my key accounting terms every entrepreneur should know series. I’ll cover terms that reside on the P&L report and goes into detail regarding the balance sheet.

Today’s episode is all about key accounting terms that every entrepreneur needs to know. Specifically, I break down a profit and loss statement and the common terms you see on it. Understanding these terms will superpower your business acumen - if you know how you are doing in business, you can take the right next steps.

In this episode I give you some examples of what imperfect action looks like in my life and how taking action and doing the thing is the only way you’ll learn what needs to be done next. I’m proud of my scrappy action and I truly credit it with taking me to new and big places in my business and life.

I want to let you in on a secret. Savvy business owners are never taken aback by their tax returns or business activity statement. They understand what makes up these documents, and they put money aside in preparation for when their tax liabilities fall due. In this episode I take you through the practical steps you can take to be a savvy business owner.

Bookkeeping, like so many other services, is not something you should skimp on - it’s not something you want to entrust to just anyone. I share the five things you need to look for when choosing a bookkeeper and the controls you need to have in place when you have a bookkeeper helping you with your business.

In this episode, I’m taking you through a high-level overview of what payroll is (including superannuation and PAYG information), important notes you need to think about, and, finally, I’ll walk you through 15 points you need to tick off to ensure you’ve got your payroll covered.

In this episode, I’m going to run you through 5 things I’m doing in my business before 30 June 2022. Your business profit or loss spans the 1st of July to the 30th of June with the tax being calculated on the final position your business is at on the 30th of June. The 5 things I’ll run you through will give you an idea of what you can be doing to prepare for this busy time of year in your business.

My guest today is Diana Todd. Diana is a registered tax agent and the owner of Balance Tax Accountants. In this episode, we’re talking about everything to do with small business tax to help you get ready for the 30th of June. Diana is sharing all of the things that you can do to show up for your taxes, get prepared and breeze through your tax return.

Today’s episode is dedicated to the 5 bookkeeping mistakes that I’ve seen happen again and again over the past few months.
As always, I’m keeping this episode practical and relevant to your business to help you understand how to avoid these common mistakes. Then I share the 5 things you should be doing instead.

*Why is there no cash in my bank account when I know I’m making a profit? This is a very common question amongst entrepreneurs. If you avoid learning your numbers and what they mean for your business, you’ll always be confused about where your money is going. In this episode, I’m going to explore basic accounting and bookkeeping concepts that will allow you to understand your business financials and how they relate to your profit.

I’m so excited to discuss my absolute favourite bookkeeping topic - GST. It’s absolutely essential that you grasp the ins and outs of GST to ensure you pay the right amount to the Australian Tax Office. But, from experience, I’ve found many businesses don’t understand it fully and end up making mistakes, so I’m on a mission to help educate everyone.

Have you wondered what a bookkeeper actually does? How can they actually help you in your business? Can I just do it all myself? In this episode, I’m taking you through exactly what it looks like behind the scenes of a bookkeeping business. I’ll be giving you clarity on what we do, when you should hire a bookkeeper, the benefits and misconceptions and much more.

Do you have a budget in your business. In this episode, I’m going to discuss everything you need to know about budgeting and why you need one in your business.

In Australia, there are three different types of business structures: sole trader, partnership and company. I want you to understand the differences in the structures because I want you to have a thorough understanding of the different ways you can pay yourself, claim tax and set up your business.